175 Mainland IPOs Raise ¥324b in 1H

The Shanghai and Shenzhen stock bourses saw 175 companies go public raising ¥323.8 billion ($1 = ¥6.8) in the first half of 2010. Small and midsized firms accounted for 94% of the number of offerings and 71% of the amount financed, China's securities regulator said Wednesday. Combined mainland stock market cap is currently worth ¥20 trillion, and mergers and acquisitions between publicly traded companies were worth ¥696.5 billion over the past two years, according to the regulator. The Chinese commodities and futures exchanges recorded 1.37 billion transactions valued at ¥118 trillion between January and June, up 63% and 134% respectively on the same period last year.